-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 JwUNwkocTJVlrunSI8j43WE04BpEhrBzpzLGBx33BkdkTXI1+CQJzlij5P5PIvSa
 AJXvNPSnetvsQQ156NGgJw==

<SEC-DOCUMENT>0001467530-09-000001.txt : 20090702
<SEC-HEADER>0001467530-09-000001.hdr.sgml : 20090702
<ACCEPTANCE-DATETIME>20090702170526
ACCESSION NUMBER:		0001467530-09-000001
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(1)
FILED AS OF DATE:		20090702
DATE AS OF CHANGE:		20090702
EFFECTIVENESS DATE:		20090702

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Frachise Capital Partners III, L.P.
		CENTRAL INDEX KEY:			0001467530
		IRS NUMBER:				270320344
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-132431
		FILM NUMBER:		09928286

	BUSINESS ADDRESS:	
		STREET 1:		C/O CAPITALSPRING GP III, LLC
		STREET 2:		488 MADISON AVENUE, 24TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-981-0148

	MAIL ADDRESS:	
		STREET 1:		C/O CAPITALSPRING GP III, LLC
		STREET 2:		488 MADISON AVENUE, 24TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Franchise Capital Partners III US Parallel, L.P.
		CENTRAL INDEX KEY:			0001467531
		IRS NUMBER:				270341446
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-132432
		FILM NUMBER:		09928287

	BUSINESS ADDRESS:	
		STREET 1:		C/O CAPITALSPRING GP III, LLC
		STREET 2:		488 MADISON AVENUE, 24TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-981-0148

	MAIL ADDRESS:	
		STREET 1:		C/O CAPITALSPRING GP III, LLC
		STREET 2:		488 MADISON AVENUE, 24TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0401</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001467530</cik>
        <entityName>Frachise Capital Partners III, L.P.</entityName>
        <issuerAddress>
            <street1>488 MADISON AVENUE</street1>
            <street2>24TH FLOOR</street2>
            <city>NEW YORK</city>
            <stateOrCountry>NY</stateOrCountry>
            <zipCode>10022</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>212-981-0148</issuerPhoneNumber>
        <issuerPreviousNameList>
            <previousName>Franchise Equity Captial Partners III, L.P.</previousName>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2009</value>
        </yearOfInc>
    </primaryIssuer>

    <issuerList>
        <issuer>
            <cik>0001467531</cik>
            <entityName>Franchise Capital Partners III US Parallel, L.P.</entityName>
            <issuerAddress>
                <street1>488 MADISON AVENUE</street1>
                <street2>24TH FLOOR</street2>
                <city>NEW YORK</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10022</zipCode>
            </issuerAddress>
            <issuerPhoneNumber>212-981-0148</issuerPhoneNumber>
            <issuerPreviousNameList>
                <value>None</value>
            </issuerPreviousNameList>
            <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
            <entityType>Limited Partnership</entityType>
            <yearOfInc>
                <withinFiveYears>true</withinFiveYears>
                <value>2009</value>
            </yearOfInc>
        </issuer>
    </issuerList>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Adin</firstName>
                <middleName></middleName>
                <lastName>Lara</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o CapitalSpring GP III, LLC</street1>
                <street2>488 Madison Avenue, 24th Floor</street2>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10022</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Vice President and Counsel of the General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>LLC</firstName>
                <middleName></middleName>
                <lastName>CapitalSpring GP III,</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>488 Madison Avenue</street1>
                <street2>24th Floor</street2>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10022</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>General Partner of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Richard</firstName>
                <middleName></middleName>
                <lastName>Fitzgerald</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o CapitalSpring GP III, LLC</street1>
                <street2>488 Madison Avenue, 24th Floor</street2>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10022</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Manager of the General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Christopher</firstName>
                <middleName></middleName>
                <lastName>Unrath</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o CapitalSpring GP III, LLC</street1>
                <street2>488 Madison Avenue, 24th Floor</street2>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10022</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Manager of the General Partner</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Private Equity Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.1</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-06-18</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>100000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>186000000</totalOfferingAmount>
            <totalAmountSold>40400000</totalAmountSold>
            <totalRemaining>145600000</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>10</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>18600000</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>A mgmt co in which each person in Item 3 are affiliated, is entitled to be paid on an annual basis (for the first 5 yrs following offering) 2% of the total amount sold. For purposes of this Item, we have only included the estimated pmt over next 5 years.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Frachise Capital Partners III, L.P.</issuerName>
                <signatureName>Richard Fitzgerald</signatureName>
                <nameOfSigner>Richard Fitzgerald</nameOfSigner>
                <signatureTitle>Manager of the General Partner</signatureTitle>
                <signatureDate>2009-07-02</signatureDate>
            </signature>
            <signature>
                <issuerName>Franchise Capital Partners III US Parallel, L.P.</issuerName>
                <signatureName>Richard Fitzgerald</signatureName>
                <nameOfSigner>Richard Fitzgerald</nameOfSigner>
                <signatureTitle>Manager of the General Partner</signatureTitle>
                <signatureDate>2009-07-02</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----